Benefits of Membership

//Benefits of Membership
Benefits of Membership 2014-05-02T19:57:55+00:00

 

Business Operators

 
All businesses in the area, whether retail, professional, dining, entertainment or finance, may gain

advantages from the improved local atmosphere and ambience that a successful BIA helps to create.

Improvements and activities may retain more local customers and attract more visitors. Cost savings to

members may result from improved integration of capital funding and promotional activities.
 

Property Owners

 
BIA-initiated improvements and activities may help to create and sustain a more vibrant economic

environment within an area, which may lead to an increased demand for retail and office space, a

decrease in commercial vacancy rates and an increase in property values.
 

Surrounding Neighbourhoods

 

A BIA may improve quality of life in surrounding neighbourhoods through physical improvements as well

as enhanced ambience, choices in local shopping and professional services, job opportunities, cleanup and safety programs, and community get-togethers.
 

The Wider Community

 
Fostering local economic development and revitalization in an area can stimulate new impetus for tourism

and investment in the wider community. Increased business activity can improve both the municipal and

sales tax base and support public services of benefit to all. Fostering community engagement can

strengthen and build community interest, spirit, pride and networks well beyond the boundaries of a BIA.